"Sister Wood" continues to be optimistic about Tesla, predicting that the stock price will soar to $2600 within five years
"Cathie Wood", under her Ark Investment Management, still maintains an optimistic attitude towards Tesla and predicts that its stock price will reach $2600 within five years, almost 10 times the current price. Wood stated in a television interview that Robotaxi will account for 90% of its value in the next five years.
She added on Tuesday that Tesla's initiatives in humanoid robots have not yet been included in this price forecast. According to information published on Ark's website, as of March 24th, Tesla is still the largest holding of ARK Innovation ETF, accounting for 10% of the fund's $5.8 billion assets, a proportion lower than nearly 16% at the end of 2024. In their analysis for 2023, Ark estimated that Tesla's share price would reach $2000 per share by 2027 due to it taking market shares from traditional car manufacturers. However, this year Tesla's stock price has fallen sharply despite rebounding over the past four trading days with a current stock price around $278.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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